[ANN][VRM] Verium PoWT | CPU mining | scrypt² | Scaling | New Roadmap Released

[dextronomous]

Nice,

mining try was like, huh i have it says 600blocks, but the next line starts saying

less blocks each time i start the wallet, on another system also, start mining, current blocks like 600, the total blocks going down
on both systems..

[1714648545]

1714648545

[1714648545]

1714648545

[pnosker]

I've got an unoptimized version up here:

https://github.com/ocminer/cpuminer-verium

However, there is no working testnet, so it's hard to tell if its working now as diff is already sky high and someone most likely has an optimized version or even a GPU miner. I've had it running for about 10 hours on a 16 CPU VM but couldn't found a block - however also no rejects, so I cannot say that it's working or not.

If I have some extra time I'll try to get testnet running again and debug more.

The miner will take ages before it prints first results as the huge memory page has to be filled at first, don't worry, just let it sit.

This codebase is the same as the wallet so I wouldn't expect any issues. There isn't a way to make a faster GPU miner with the current ram as they have now. Since each thread requires at least 128 MB of ram, and the best GPUs have 8GB, you could only run at most ~80ish threads instead of the 2500+ you can for standard scrypt and it ends up being slower than a CPU thanks to poor GPU branch prediction, clocks, etc.

It might be possible to optimize the CPU miner, but we already optimized the low hanging fruit with compiler and CPU extension optimization.

Good work, though. Thanks for doing this.

Also, to clarify, does 16 CPU VM mean 16 cores or 16 logical hyper threaded cores? What hash rate are you getting?

16 virtual cores, it's a DO container.

Even after now almost 20h not a single block...

I hope someone will release an optimized miner to the public soon...

What's your hashrate? You can use ./veriumd getmininginfo

As for an optimized miner, we aren't using anything outside of the public code on the git repo. Verium is not designed to let lots of people get blocks easily, the block time is 4.81667 minutes now with a reward of 7.22614 (as of 3:15 PM EST 9/2/16), and the network hashrate is 216.41 kH/m. My computer runs at 1525 kH/m (core i7-3960x at 4.4 ghz), so every 144 blocks or so I SHOULD get a block (1.525/216.41). You can calculate your likeliness the same way.

1525 h/m with 3960x? im have the same cpu and only get 900 ish on win 10, what am i doing wrong :/

Running in Ubuntu 14.04. The task scheduler is far more apt for mining.

[wixfreeman]

is there already exchange or plan to add verium to major exchanges?

They are in contact with multiple exchanges Polo, Bittrex, etc. They looking to get VRC/VRM trading pair

when veriswap is working, do you know what the vrc/vrm swap rate will be, i've heard 10:1, 30:1, 50:1.  i'm confused.

[pnosker]

is there already exchange or plan to add verium to major exchanges?

They are in contact with multiple exchanges Polo, Bittrex, etc. They looking to get VRC/VRM trading pair

when veriswap is working, do you know what the vrc/vrm swap rate will be, i've heard 10:1, 30:1, 50:1.  i'm confused.

It will be market dependent.

[ICOcount.com]

how many vrm mined daily/yearly?

how about the inflation?

[.m.]

OP checked ?

[loremipsum]

I got 14 VRM in 24 hours with a 700 H/min, but now for the past 50 hours I haven't got any! This is weird   

[ivan1975]

24 h mining at 1000 h/m and no one coin  
We need pool.

[wixfreeman]

24 h mining at 1000 h/m and no one coin  
We need pool.

i have 3 computers at about 600 h/m, got 2 blocks day before yesterday, nothing yesterday.

[FANCIER]

HI !

I'm new to Verium.

I noticed you released your minig software yesterday.

I'd like to install it on a headless server so there's no GUI.

Is there a command line only equivalent of the miner ?

Thanks for helping

Cheers

How to mine Verium on Windows.

https://www.youtube.com/watch?v=R0ACMz8KN1I

[loremipsum]

Perhaps I can setup a pool if you tell me how to! I'm not a developer but I can try. It needs Ubuntu right? and VPS?

I have a computer which runs 24/7 and has a stable internet connection but its also used for other tasks and runs Windows 7. Can I setup a pool on that?

[dolores12]

will any exchange add verium?? 

[.m.]

What about p2pool ? Just visited old thread. Old but still active !

[FANCIER]

will any exchange add verium?? 

Please fill this in   https://poloniex.com/coinRequest

[monsanto]

According to the blockchain explorer as of this post there are 574,653 VRM in existence. How many are left to be mined?

[hulahoof]

Nice,

mining try was like, huh i have it says 600blocks, but the next line starts saying

less blocks each time i start the wallet, on another system also, start mining, current blocks like 600, the total blocks going down
on both systems..

Sounds like the blockchain is still syncing  

According to the blockchain explorer as of this post there are 574,653 VRM in existence. How many are left to be mined?

This post says 2.7 million eventually:

How many total coins?

~2.8 million total supply via mining for years. Could take anywhere between 6 and 64 years or so to reach total of 2.8 million VRM. At launch via ICO and promotions about 800k max will be available supply.

[monsanto]

According to the blockchain explorer as of this post there are 574,653 VRM in existence. How many are left to be mined?

This post says 2.7 million eventually:

How many total coins?

~2.8 million total supply via mining for years. Could take anywhere between 6 and 64 years or so to reach total of 2.8 million VRM. At launch via ICO and promotions about 800k max will be available supply.

Thanks for the info. I wonder if it will really be a minimum of 6 years.  Just looking at the last 100 blocks I see that took 7.5 hours, so say 320 blocks a day at around 7 vrm a block right now = 2240 vrm/day.  Roughly 2.2 million vrm left to mine, so at current rate would take less than 3 years.  I guess block rewards are likely to go down though.

[Crypt0bull]

Not found a single block the past 48 hrs on 870H/m... we need a pool.

[l8nit3]

Not found a single block the past 48 hrs on 870H/m... we need a pool.

It's all just luck though, I get approx 250 h/s running in the background (2/4 cores) behind kodi on my htpc... and have found 2 blocks in the past 48 hours.

[dextronomous]

no way wallet not synced, showing its synced 100%
then still showing 1315block and 1313 and cannot mine wont mine, the one who is got the azure 1000cores server.

you wont get any..